Bitcoin Faces Strong Resistance — Pullback Toward 63,800?

Hello traders! Here’s my technical outlook based on the current BTCUSDT (2H) chart structure. BTCUSDT previously broke above a descending channel, confirming a bullish recovery. The rally has now reached the 66,400 Seller Zone, where price is facing strong resistance after an impulsive move higher. Currently, BTCUSDT is trading below the 66,400 Seller Zone while remaining above the 63,800 Buyer Zone. The strong rejection from resistance suggests buyers are losing momentum and sellers may attempt to regain control. As long as BTCUSDT remains below the 66,400 Seller Zone, the bearish scenario remains valid. A rejection from current levels could push price back toward the 63,800 Buyer Zone (TP1), where buyers may attempt to defend support. However, a confirmed breakout above 66,400 would invalidate the bearish outlook and open the door for further upside. Please share this idea with your friends and click "Boost" 🚀

Сделка активна

As I predicted, the key resistance started to react to selling. Therefore, a correction is a matter of time. So let's wait!

Сделка закрыта: достигнута тейк-профит цена

The goal has been achieved, my expectations have been confirmed and we now see that Bitcoin is actively testing the support zone!

LegionQ8

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LegionQ8

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